In the Indian Financial Management System, the apex institution for regulating the money market is: MCQ with Answer and Explanation

Question
In the Indian Financial Management System, the apex institution for regulating the money market is:
A. SEBI
B. RBI
C. Ministry of Corporate Affairs
D. IRDAI
Answer: Option B
Solution (By JKSSB Mock Tests)
The Reserve Bank of India (RBI) controls monetary policy and regulates the money market in India.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
The 'Limited Liability Partnership' (LLP) is governed by:
A. Indian Contract Act
B. Limited Liability Partnership Act, 2008
C. Partnership Act, 1932
D. Companies Act, 2013
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
LLP is a separate legal entity governed by LLP Act, 2008.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'Companies Act, 2013' mandates CSR spending for companies with:
A. All companies
B. No mandate
C. Net worth ≥ ₹500 crore, or turnover ≥ ₹1,000 crore, or net profit ≥ ₹5 crore
D. Only listed companies
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Section 135 specifies the criteria for mandatory CSR.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Reverse Charge Mechanism' (RCM) under GST applies when:
A. A registered person buys from an unregistered person (for specified goods/services)
B. Only for imports
C. A registered person buys from another registered person
D. For exports
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
RCM is applicable in certain cases including supplies by unregistered persons to registered persons (though now mostly suspended except specific notified items). Also for specified services like legal, goods transport agency, etc.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: